REI Options History — April 2022

In April 2022, REI traded between $3.75 and $4.68. ATM implied volatility averaged 112.2%, placing in the 65.7% IV rank vs the trailing year. The 30-day expected move averaged 32.0%. IV traded above realized volatility by 43.8% (HV 20d: 68.4%). Max pain ranged from $4.00 to $4.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 1 of 20 days. Put/call ratio averaged 0.70.

Notable Days

  • 2022-04-14: Highest Volume — 23,640 contracts
  • 2022-04-11: Largest IV spike — 28.0% change
  • 2022-04-11: Highest IV Rank — 100.0%
  • 2022-04-07: Largest Expected Move — 33.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.18$3.75$4.68$3.96$4.45
Max Pain$4.00$4.00$4.00$4.00$4.00
ATM IV112.2%99.8%140.6%116.6%111.0%
Expected Move32.0%28.6%33.7%33.5%31.8%
HV 20d68.4%60.7%76.7%76.7%66.5%
HV 60d69.0%66.1%70.9%69.9%69.8%
IV Rank65.7%46.1%100.0%78.9%60.9%
IV Percentile86.6%66.7%100.0%94.0%85.7%
Term Structure-7.1%-13.3%4.6%4.6%-1.7%
VWIV112.7%97.4%121.5%118.7%115.2%
Skew 25d-8.4%-23.1%1.3%-11.8%-0.2%
Skew 10d-10.7%-48.1%34.8%-5.0%-20.9%
Call IV 25d117.0%103.5%130.2%123.7%108.3%
Put IV 25d108.6%95.5%115.5%111.9%108.1%
Bid-Ask Spread %30.0420.2644.0344.0326.88
Gamma HHI0.270.210.450.330.22
Net GEX336.4K242.7K579.7K354.5K279.5K
Net DEX-23.6M-32.1M-18.7M-22.2M-24.3M
Net VEX-97.6K-102.8K-90.7K-99.7K-96.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.700.062.430.301.63
Total Volume6,725.454723,6404,1575,404
Total OI153,947.55139,854165,209152,402151,880

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-04-01$3.96$4.00116.6%33.5%76.7%78.9%118.7%-11.8%4.6%354.5K-22.2M-99.7K0.3044.033,208949121,86230,540
2022-04-04$3.99$4.00113.7%32.6%72.1%74.9%116.6%-19.0%-1.9%391.3K-23.0M-97.6K0.2243.242,801624122,72030,582
2022-04-05$3.88$4.00109.9%32.7%72.5%69.8%111.8%-23.1%-6.8%391.9K-21.5M-95.6K0.1038.996,821670123,97630,774
2022-04-06$3.94$4.00122.4%33.5%71.7%87.0%121.5%-12.5%-8.2%416.5K-23.1M-99.1K0.1734.604,743827128,66031,062
2022-04-07$3.98$4.00106.3%33.7%71.7%64.8%119.4%-11.3%-13.0%460.8K-22.9M-98.8K0.1631.493,313526129,05131,204
2022-04-08$4.01$4.00109.8%33.3%71.2%69.7%116.3%-8.8%-12.0%484.2K-24.5M-98.8K0.3235.052,338742130,83531,251
2022-04-11$3.75$4.00140.6%32.2%63.5%100.0%119.4%-8.8%-7.8%436.2K-18.7M-90.7K0.1140.635,471623130,99031,462
2022-04-12$3.87$4.00115.7%32.7%63.0%67.2%114.6%-9.1%-11.8%579.7K-20.8M-92.5K0.3430.272,504848132,14731,640
2022-04-13$4.26$4.00116.1%33.3%70.0%67.7%113.1%-9.9%-8.1%252.6K-32.1M-95.8K0.3935.2113,3045,162132,35131,603
2022-04-14$4.16$4.00109.8%31.5%62.7%59.3%110.3%-12.5%-7.7%253.8K-29.9M-97.2K0.1320.2620,8832,757131,90633,303
2022-04-18$4.22$4.00117.5%33.7%60.7%69.5%116.2%-4.8%-12.7%268.6K-22.6M-97.7K0.8428.241,8861,593107,56432,290
2022-04-19$4.25$4.00110.2%31.6%60.7%59.8%112.5%-8.8%-5.9%281.2K-23.0M-98.7K0.3321.492,033673108,52633,435
2022-04-20$4.68$4.00101.8%29.2%67.5%48.7%103.5%1.3%-0.4%319.2K-29.7M-101.2K2.4322.214,61211,208108,48533,539
2022-04-21$4.43$4.0099.8%28.6%71.1%46.1%97.4%-8.9%-7.3%268.3K-24.1M-102.8K1.4223.152,8173,992108,99940,727
2022-04-22$4.31$4.00104.4%29.9%72.4%52.2%104.1%-2.5%-7.5%257.0K-21.5M-101.0K1.4626.231,8282,674109,11141,715
2022-04-25$4.19$4.00109.9%31.5%71.2%59.5%112.4%0.3%-10.3%242.7K-19.5M-97.4K0.7923.073,5272,773109,16541,873
2022-04-26$4.26$4.00112.5%32.3%68.0%62.9%114.3%-7.3%-13.3%243.5K-20.4M-97.0K0.9126.512,9352,684108,49141,966
2022-04-27$4.39$4.00112.1%32.1%68.3%62.4%109.6%-1.5%-10.8%260.2K-22.6M-97.6K0.0626.4651631109,41042,135
2022-04-28$4.54$4.00104.6%30.0%67.0%52.4%107.2%-8.3%-0.4%285.9K-26.1M-97.3K1.8022.801,5022,706109,57642,145
2022-04-29$4.45$4.00111.0%31.8%66.5%60.9%115.2%-0.2%-1.7%279.5K-24.3M-96.4K1.6326.882,0533,351109,68342,197